Industry leader in insurance products and world class software service provider to equipment finance join forces on new solutions.
Westlake Village, CA (October 19, 2023) —Leasepath, the cloud-first Equipment Finance lifecycle platform powered by Microsoft Dynamics 365 and the Power Platform, today announced it has entered into a strategic engagement with Great American Insurance Group’s Specialty Equipment Division, a leading provider of equipment insurance solutions for the equipment finance industry.
Leasepath and Great American aim to innovate insurance management for the equipment finance industry. Leveraging the modern Intelligent Workplace cloud infrastructure offered by Leasepath and Microsoft Dynamics 365, the teams’ efforts expect to bring numerous benefits to customers, including easy insurance quoting during finance originations, default option placement on financed assets, automated invoicing, and real-time insurance coverage updates. This will help significantly improve the speed of service and provide access to data-driven insights for Leasepath and Great American customers.
“We are delighted to collaborate with Great American, a company that shares our commitment to innovation and bringing intelligent, customer-first solutions to equipment finance,” said Leasepath CEO Jeffrey Bilbrey.
This engagement marks a milestone in the equipment finance industry, with a software company and an insurance provider joining forces to optimize the end-to-end equipment insurance customer experience. Equipment finance businesses using Leasepath can expect innovative solutions that will help streamline customer communication and dramatically reduce back-and-forth interactions, ultimately providing customer value and improving their relationship with the financier.
“We are thrilled to work with Leasepath, a company known for its innovation and for delivering exceptionally efficient solutions to the industry,” shared Cody Sanguinetti, Divisional Assistant Vice President, Great American Specialty Equipment. “Together, we will empower our mutual customers by providing seamless access to the insurance products and programs that support their business.”
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 115 years and is currently rated “A+” (Superior). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Leasepath enables the Intelligent Workplace platform for Equipment Finance, driving customer servicing excellence from Sales through Contract Servicing. Purpose-built exclusively for the equipment finance industry and serving Banks, Independent Finance, Captive Finance, and Brokers across North America, the United Kingdom, and Australia, Leasepath is powered by the Microsoft Power Platform to provide a proven, cloud-first solution complete with configurable, dynamic, automated solutions for structured pricing, underwriting, documentation, contract and portfolio management, accounting, payments, collections and integration with mission critical applications like Email, E-Signature, Internal Chat, Phone, and much more. Leasepath is the preferred choice to equipment finance businesses to Win Fast, Risk Less, and Profit More. Learn more about Leasepath by visiting www.leasepath.com.